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than $100 billion in required spending cuts would also kick in if there's no deal. at the white house, major garrett says the obama administration is getting ready for those across the board cuts. major, what exactly is the white house doing to prepare? >> reporter: good morning, norah and anthony. the obama administration is in the final stages of delivering layoff notices it will deliver to federal agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much
that, they ran higher with whites in 2010. they concluded the wrong thing, but barack obama was not on the ballot in 2010. >> unexplored story of the year -- white men dropping out -- dropping out of the work force, dropping out of elections, just plain dropping out, getting social security, not doing anything, going hunting, fishing, just not in the game. >> i remember earlier in the year, you said the wild card was angry white men. what happened to them? >> that is what i'm talking about. they dropped out. as a percentage of the work force, they are dropping down, more and more of benefits, more and more not voting, just dropping down. >> i think the angry white men thing is a myth created in -41 republicans swept into the house because liberals could not imagine that the perfect order of nature had been overturned. it had to be explained by angry white men. i looked at the polls that year and there was nothing in that would support that. i do think the real story of the year that the future will look at is the inevitable increase in debt, and nobody is serious about doing
-- we want to make note of that. the reestablishment of the white house initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these things are done on purpose. i want to let you know that we also can boast twice as many asian-americans on federal benches. those of us to understand the impact of the supreme court and what it can do or on june, we know that having asian-americans on the federal bench is a line up for appointments to the supreme court. thank you very much for this opportunity. i want to say that silicon valley is the birthplace of high-tech. silicon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron
that again later. captioned by closed captioning services, inc. >>> breaking news is president obama just having spoken from the white house on the boss built of a fiscal cliff deal. one that could avoid -- raising taxes for everyone. good morning i'm kristen sze >>> and i'm cheryl jennings. katie is the news encouraging? >> reporter: more pressure than news about what the deal might be. this was not the big announcement about an agreement on the fiscal cliff. the president did acknowledge there's been progress and he spoke while surrounded by americans who he pointed out cannot afford a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered
pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter barnes believes the president will announce a deal. we will bring you his comments live. it is an early close on the trading day. sandra smith is in the pits where traders are watching every development in washington. she joins us now with today's trade and how commodities are faring. sandra: we just had financial commodities close for the day. the treasury pits just closed minutes ago. it was an interesting close to watch. as you put up the board, treasuries saw their first loss in four trading days. another sign that these markets are predicting some sort of deal to get down by the end of the day. we are not seeing investors slinging. the yield on the ten year was the lowest close on record. certainly a big sign coming from those markets. they closed at the top of the hour. the dow, s&p and nasdaq futures closing here in chicago. just moments away from that. the electronic trading of all of these products will con
. john, just to start, nbc's white house reporter kristen welker says this is not obama nouning that a deal has been reached. >> he is trying to keep the pressure on with the deadline just hours away. he is going to emphasize his message that he has had all along about they need to get a deal that protects the middle class. i may even hear talk that there might be middle class families with him as kind of a stage -- not to say stage propz, but -- >> way to drive the point home. so let's talk about -- with the acknowledgment -- it's hypothetical, but let's talk about the fact that the reporting from nbc now suggests that anybody that makes above $400,000, individual, and $450,000 as a family will see their taxes go up to the 39.6% rate. everybody below that will retain the tax cuts put in place in the bush administration. is that a good deal for democrats who certainly seem -- i would -- from my political analysis, after plan b went down in the house ten days ark that they had all the cards to play here. >> well, they certainly felt that they had all the cards. >> certainly. >> t
and uncomfortable position of thinking that joe biden is the grownup in the white house. you got a sense from obama he is the sab tier in his own -- saboteur in his own white house. when he said how the republicans have agreed to raising taxes, that was in effect rhetorical poison pill to house republicans. the house republicans want to do is tomorrow when the taxes go all up, that the bush tax cut expire they say that they are voting to cut taxes. they are spinning this to raise taxes. i don't think the republicans should allow themselves to be baited by obama. >> bret: the or thing is talk about the sequester. you will remember of course in debate, in october. the president said this. about the sequester. >> first of all, is sequester is not something that i propose. something that congress is proposed. he will not happen. >> bret: part of the solution for the super committee. that was part of the deal. negotiating now is delay it by a couple of months. which potentially negotiate on fiscal cliff number two, the debt ceiling battle. and throw in dealing with the sequester as well. we're waiting t
obama headed back to the white house. >>> it's a tragedy of inimaginable horror. more than a dozen elementary children brutally murdered by a gunman who walked into a school and opened fire. >>> a couple of the biggest stories right there at the end of the year. >> yeah. >>> it's been a chilly day, what is it going to be like when you head out to celebrate new year's tonight? >> we have a whole new year coming, guys, right around the corner, less than -- just over seven hours away. i had to do the math. it won't take me as long in 2013. the forecast dinner's ready. [ female announcer ] hamburger helper stroganoff. beefy. creamy. stroganoffy. helpers. forty dishes, all delicious. i just finished a bowl of your light chicken pot pie soup and it was so rich and creamy... is it really 100 calories? let me put you on webcan... lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> doug did the math for us. just under seven hours? >> just over. >> good place to be for about a million people tonight. >> have you guy
in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them cascading from the bridge. the pyrotechnic extravaganza was built by organize tiesorganizers. coming up next a one-hundred million dollar lawsuit is filed in connection with the newtown connecticut shoo
." nbc news white house correspondent has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the who economy can slow down. >> reporter: he called an lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans a major sticking points for republicans. >> the way they are behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> reporter: after the interview republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you mr. president you don't have a role here in breaking this impasse. you've had a tough go with congress. >> if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on
have breaking news. we understand president obama is going to be addressing the nation from the white house just one hour from now on the fiscal cliff crisis. we're going to bring that to you live as soon as it happens, but we're looking at our watches here, our clocks. about 1:30 p.m. eastern the president will come out and address the nation regarding whether or not we're going over this fiscal cliff, the talks and negotiations taking place, the back and forth. we know the vice president as well as top republicans in the senate have been involved in talks throughout the evening and early into the morning. there's some sort of rough framework they're working with here, and we will hear from the president himself on the status of those talks. that is in about 45 minutes from you now. secretary of state hillary clinton is in the hospital for a blood clot. dr. sanjay gupta says the drugs that doctors are using are offering clues to where that clot is. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male anno
of the white house in the showdown is you can't compromise as it is currently constituted. obama made the point over and over again and basically laid it out there $250,000. i want the bush tax rates to disappear. i want to use it as a referendum on that, and quote, his words, break the fever and went in to the negotiations after winning by four points. 332 electoral votes. if he ever had a mandate, the bush tax cuts go away and a baseline and don't be afraid to go over the cliff if you believe in the 250. $250,000, face it, $800 billion in revenue over 2 years and now 450 and cutting it to 370 over 10 years and sending messages to republicans he doesn't fully appreciate still when he has a good hand. what he had coming in to this, the demands $$250,000. up to $400,000. take the debt ceiling out of the table. the republicans look at this, can look at this and say we kind of squeezed him down to the bare minimum, the bare minimum in terms of a debt ceiling. we have the debt ceiling expiring in a month and not going to negotiate over the debt ceiling. he just did. it's out of the deal and we can
it. >>> for his part, president obama has been trying to turn up the heat on congress, applying new pressure sunday in an interview with david gregory on "meet the press." nbc news white house correspondent kristin welker has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overliove overriding theme. >> reporter: after the interview, republicans accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don'
everybody, we are waiting for president obama to speak at that podium at the white house in about 9 minutes time. our own john harwood adding to the optimism by suggesting they have agreed on levels of 39.6% tax would kick in at 400,000 for a single person, $450,000 for a family. we will wait and see what obama is able to tell us at that news conference in 8 minutes time. the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal cliff negotiations. it is an absolute must across the potomac river at the pentagon. there would be a $55 million in spending, about 10% cut in many programs while a lot could be delayed, the most immediate contingency is notifying an estim
.com, we asked you f the white house fiscal cliff meeting between obama and congressional leaders, if it was a political stunt or real negotiation. here is how you voted 96% said a political
blame on the state department's security procedures. president obama acknowledged lapsed that the white house would take immediate steps to resolve. he rejected criticism that he would let his u.n. ambassador twisting in the wind, susan rice, instead of training fire on republicans. >> information a politically motivated attack on her. she probably had the least to do with the attack on benghazi. why she was targeted individually for the kind of attacks that she was subjected to is -- it was puzzling to me. >> the process also seems to be playing out with one of obama's top picks to lead the pentagon. the president was quick to praise republican former nebraska senator chuck hagel, but was just as quick to say he hadn't made up his mind. >> i haven't made a decision about who to nominate. >> anything disqualify him? >> not that i see. i have serbed with chuck hagel. he know him. is he somebody who served this country is w veil valor. >> he ran into stubborn resistance over the weekend from senate republicans like lynndie graham and tomko burn. >> there would be little republican support
for failing to respond to community risks for the attack. they fault the pentagon and the white house. it criticizes the obama administration for being inconsistent on what led to the attack blaming the video not terrorists. joe lieberman the chairman of the committee says the facts so quote a shocking ir responsibility to protect american diplomatic personnel in benghazi. >>> an american family is pleading for help in finding their sick pregnant daughter and their husband missing in afghanistan. katelyn coleman is due in january. she has a liver condition that requires medical care. they last heard from the compup in october wefrom an internet ce in an unsafe area. it is not clear why they are in afghanistan. the family thinks they were trying to help people through an aid group. >> bad break mace be to blame for a deadly crash in moscow. >> looks like the pilot tried to use all of the brake systems on the plane but for some reason it didn't stop. it ended up crashing on the highway and bursting into flames. the death toll climbed to 5 after a crew member died from their injuries. 3
president obama would have been roundly defeated by an establishment candidate like mitt romney. the white establishment is now the minority. and the voters, many of them, feel that this economic system is stacked against them and they want stuff. >> it's sort of delusional, first of all. i mean, because it's sort of a claim made and then the sort of the information ix extracted from that claim. yes, i agree that the majority, the plurality of voters in this country think the economic system is stacked against them. but i don't think that they therefore turn around and say, "we want stuff." i think what they say is, "and the republican party is part of the reason the economic system's stacked against us." but, you know, the larger claim, the larger sort of statement is certainly there is this panicked, wounded, astonished, nostalgic longing for an america, a white, conservative america, that in many ways never was. never, never really was. and so it's sort of sad to see, you know, someone like o'reilly. you know, that moment where he can't confront what's really happened. and he tries to e
. the report also faults the pentagon and the white house. it criticizes the obama administration for being inconsistent in explanations regarding what led to the attack, initially blame ago video, not terrorism. >>> san diego police officer is seriously injured when a suspected drunk driver slams right into his cop car. police say the suspect was speeding when he ran a red light, t boning the cruiser. took 45 minutes for crews to pry the officer out of his car. he is expected to be okay. the suspect was not seriously hurt, but he was arrested on suspicion of drunk driving. >>> kanye west kind of letting the cat out of the bag a little. listen. >> make some noise. >> juliet: i have no idea what he said. >> clayton: i don't either. >> juliet: then there was static. but apparently he said that his girlfriend, kim kardashian, is pregnantgo. he made the big announcement during a concert in atlantic city last night. sources say she had no idea he was going to spill the beans! oops, i hope the family knows. up 'til now, the family had denied pregnancy rumors. so congratulations to them. and we're
obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be struck. i think that's not surprising. that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of the tax cuts expire at midnight. the sense we're getting from a lot of sources and from members of congress is that perhaps tonight isn't a hard and fast deadline. mitch mcconnell and the vice president are negotiating in earnest to find a deal. but it's sort of difficult to see how exactly that may come to be by midnight and have votes in the senate and house. the thought is that going over the cliff gives cover for some democrats and certainly some republicans. there will be a lot more pressure after the cliff comes to be to put a solution in place. even after midnight were to come and go, we would see them wo working towards an agreement, e we would expect. >> po
there's a lot to be done to improve legislative affairs at the white house and would ultimately help president obama. >> and said about that, but mcconnell is still is late, he could have imposed himself, and not the way he does it. here is the fundamental problem. leaving aside the policy issue which i know is important to you all. if i get down to politics on bumper stickers, you're holding all of this up, including people's tax cuts it defend millionaires, that's all we have to say. >> and the democrats all agree that the bush tax cuts were the-- were good for the economy. that's had an amazing concussion that you're making-- >> and you're making -- let me finish here. the argument you sit here and the public ser receives you to be defending rich people against everybody else. >> you're making an argument w cliff, we're returning to clinton tax rates and basically what the democrats are saying, no, no, they weren't good enough we actually like the bush tax cuts and we want to keep some. >> what's going to happen wednesday. >> i want to get kimberly in here. the president i think
, the senate did get some work done this weekend. ten months after he was nominated by president obama. baer whob is a white collar criminal defense lawyer used to work at a trade commission. so how should investors be positioning themselves as we head into 2013? here is what some of our guests have been telling us. >> next year is very much you've got to be aware of your idiosyncratic risks out there. clearly, the default cycle is quite low. you know, if companies can finance themselves at very low levels, as long as we don't get a big back up in interest rates or yields for any reason due to sovereign risks elsewhere, then i suspect the cycle will remain quite low. if you look at where valuations are in terms of high yield investment grade, in fact, valuations are still, even after this big move we've had in the last six months compared to where the default cycle is, still look a reasonable value. >> the first half of next year doesn't look all that great. we're counting on the second half of next year after there's a little momentum. once the fiscal cliff gets resolved, we think there wil
. here with us now from washington, former white house press secretary and former senior adviser to the obama campaign, robert gibbs, who looks like he's on a ski vacation. >> very casual. is he in washington or colorado? >> i wish i was in colorado. >> nbc news chief white house correspondent political director and host of "the daily rundown," chuck todd is with us as well. >> don't you know the trick? above the waist is all you have to worry about. you could have faked it. i mean, mika's wearing shorts, right? >> he's got his jammies on. >> i think the seriousness of what's going on is matched by my outfit. >> so you're wearing pajama pants with bozos all over them, right? >> more or less. >> so let me just ask you a question. it's sort of big picture. this was set up over two years. everybody put this deadline in place to force washington to confront the nation's debt. this was a big deal, this deadline. and we're going to come out of it with either nothing and go over the fiscal cliff, or some small piddly kick the can down the road, i'm so tired of that statement, little min
, president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. mr. president, welcome back to "meet the press." >> it's great to be here. thank you. >> so the obvious question, are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire, and the whole economy could slow down at a time when the economy's starting to pick up and we're se
, in an exclusive interview, president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up
the demand, president obama is stepping up his campaign for new gun regulation and making it a top priority in 2013. brianna keilar is at the white house. what do you think new gun control regulation is going to be an uphill battle for the president? >> reporter: that's the thought. president obama addressed this. he admitted this is something that's difficult and has been historically to get through congress because there are a number of democrats as well as republicans who support gun rights. but he said for him at least he felt like what happened in newtown was different in that it changes things. he also said the day of the shooting in connecticut that it was the worst day of his presidency. he said that something fundamental has to change in america. here's what else he said on "meet the press." >> i'm going to be putting forward a package and i'm going to be making an argument to the american people about why this is important and why we have to do everything we can to make sure that something like what happened at sandy hook elementary does not happen again. ultimately, the way this
we're still in limbo. >> nancy cordes, thank you. president obama gave a briefing on the budget talks before an audience that included former campaign volunteers and supporters. major garrett is at the white house tonight. major, good evening. >> good evening, rebecca. the president wants higher income taxes on the wealthy but he had to give up a few things to achieve that. gone, for example, the $250,000 threshold that was part of the presidential successful re-election campaign. top white house officials insisted it would notábtdge. it's moved up to $450,000 per household. taxes will go up on estates and family farms but the president gave in toe republican demands o minimize the scope of that particular tax increase. all along both sides said they want to keep taxes more or less where they are for most tax payers. that's been achieved but republicans in the senate and the house for the first time and under the president's steady pressure are saying they're looking at and likely to vote for higher income taxes. >> for now our most immediate prioty is to stop taxes going up for midd
and faults the white house including president obama for his inconsistent statements about whether benghazi was a terrorist attack given the intelligence suggested within hours that an al-qaida affiliate was involved on september 11th. it sites mr. obama a's interview with 60 minutes on september 12th as evidence of inconsistent statements. he states it's too early to know exactly how this came about, what group was involved. obviously it was an attack on americans and we will be working with the libyan government to make sure we bring these folks to justice one way or the other. the president said in an interview over the weekend that there were quote, huge problems and sloppiness connected to benghazi and this his administration is accepting the 29 recommendations of the state department review, jon. jon: what are we learning about the warnings that were given here? >> reporter: this is probably the critical piece. the report found more than a dozen security-related incidents leading up to the attack with a senior state department official telling senate investigators that in the summer o
are looking forward to, and it is pretty scary. >> president obama had been reelected to a second term with a resounding victory over republican challenger mitt romney. >> a return to the white house more determined and inspired ever about the work we have to do and the future that lies ahead. >> in one of the most closely watched races nationwide consumer advocate elizabeth warren unseated scott brown in massachusetts. >> for every family that has been chipped at, squeeze, and hammered, we are going to fight for a level playing field and we are going to put people back to work. that is what we are going to do. >> advocates of marriage equality ended tuesday with four out of four victories as voters legalized same-sex marriage in maine, maryland, upheld same-sex marriage in washington state, and defeated a measure to ban same-sex marriage in minnesota. noam chomsky recently returned from his first visit to gaza. >> it is pretty amazing and inspiring to see people managing somehow to survive as, essentially, caged animals, subject to constant, random, sadistic punishment, only to humili
cliff. now, the deadline is now less than 24 hours away but the white house and congress still remain at odds over key issues such as creating an income threshold for raising taxes. president obama says gop leaders have rejected his proposals to make a comprehensive deal. republicans say they are willing to work together. so what does this mean for you? coming up in the next hour, we'll talk live with congressman jerry connelly and congressman phil roe for a closer look at the looming deadline. >>> still ahead this hour, secretary of state hillary clinton hospitalized. we'll have an update on her condition. we'll be right back. (vo) sometimes the big plan doesn't work. and the perfect life turns out to be not so perfect. you start fresh. new city. new job. new everything. it's exciting, and scary, at the same time. and some days you think, "i can't do this on my own." but then...i went to suntrust. they helped me figure things out. and before you know it, i am doing it... (anncr) at suntrust, helping people shine is what we do. join the thousands who are switching to suntrust's award-
things done in a president's second term. and with the white house and congress focused exclusively on the fiscal cliff, what does it all mean for president obama's second term agenda? the president laid out some of his goals on sunday on "meet the press." >> there are a couple of things that we need to get done. i've said that fixing our broken immigration system is a top priority. the second thing that we've got to do is to stabilize the economy and make sure it's growing. number three, you know, we've get a huge opportunity around energy. we are producing more energy and america can become an energy exporter. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. >> joining me now, former spokesman for the democratic congressional campaign committee, doug thornel, republican media consultant kim, and my colleague at "the washington post" and white house reporter david knanakamura. doug, i want to start with you. the president's first-term agenda re
in the white house after the november 2010 election when the republicans in the tea party really knocked barack obama for a loop and took control of the house, and then everything that happened after that. the tax cut deal, the big fights over the budget and the debt ceiling and deficit reduction, also the bin laden raid and what happened in egypt and libya. and so i'm looking at how obama made the decisions he made and took, and why he took the actions he took in that very perilous time politically, but also explain how this is all done in a way to set up the 2012 campaign that we just went through. he had a theoryf
of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner wanted it much higher at about a million dollars. this is somewhere in between. also, an extension of the unemployment insurance benefits. they're still hashing out some of the final details but it does appear as though the vice president was key in helping these negotiations to move forward. >> the negotiations go on there, kristen, we are watching the senate floor as they discuss the very details of that and debate it. keith, to you on this. political pointing out, biden's inclusion sets up a good cop/bad cop xen arroyo here among the democrats with the vice president and senator harry reid, those particular characters if you will in these negotiations. and was said by kristen that vice president -- the vice president and mitch mcconnell spoke at 12:45 a.m
want to ask congresswoman decapito, who we know is very smart because she went to duke, president obama said he's not going to negotiate on the debt limit and white house aides tell me he's serious about it. what are you going to do when the debt limit rises in a couple of months, you want to negotiate on that and he says, sorry. >> i find it interesting that tim geithner says the debt limit is up at the end of the year. really? throw that one out. he voted not to let president bush have the right to raise the debt limit. i think this is a check and balance that we need to have 234 congress. i don't think he's going to get his way on that. i think the speaker did -- >> do you think he will buckle and negotiate? >> he's going to have to because he needs that. and i think that does provide leverage in the congress. it is ugly and i don't want to go through it again,=/$fnñ"3g-u our thanks to congresswoman capito and congressman meeks. >> i think you have an opportunity while you're there to negotiate all this yourself. you could play the role of -- anyway, comments, questions about anyth
continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about progress that is being made in congress today. for the last few days, leaders of both parties have been working on an agreement that will prevent the middle-class tax hikes hitting 90% of all americans starting tomorrow. preventing that tax hike has been my top priority. it is the last thing that folks like who are appear on this stage can afford right now, to pay an extra $2,000 in taxes. the middle class taxes cannot afford it -- middle-class families cannot afford it, and our economy cannot afford it. today it appears that an agreement to prevent this new year's tax
a lot of convincing by the white house, there were conference calls today to sway groups and defend the deal that obama was cutting. i think that's why you saw obama make that statement. >> he was speaking to democrats. >> he was speaking to the base saying i am on the precipice of getting republicans to vote for a tax increase. they never, ever do that. give me some credit here. now, he did move his red line on the threshold for upper income tax hikes. he moved it from $250,000 to $400,000. the revenue is important. whether you get that from income tax rates or other taxes, it doesn't matter. the key is the overall revenue. and this whole battle here is about a revenue piece. >> you reduce the revenue from about $800 billion over ten years to what? $500 billion or something like that? >> that's right. or what they've done on limiting the deductions. that's another part of this that's going to raise more money. it's not going to make up for all that's lost on the changing the threshold, but there are other pieces on this. >> we're going to ask you to stick around. thank you very muc
clinton has not even stepped down u.s. secretary of state and president obama has not even been sworn in for his second term but there is already constant speculation as to whether she will run again for the white house. >> of the decision for her on any future bid for president expected in 2013, expect speculation about her future political plans to intensify drought the year. >> a new national survey indicates that the vast majority of democrats, 85 percent in fact, would consider backing her as their party's nominee. >> president obama is pledging to put its full weight behind legislation aimed at preventing gun violence. >> in an envious they would meet the press, obama voiced skepticism about proposals a place apart at schools following the mass shooting in newtown, conn. that killed 21st graders. >> i think the american people are skeptical that some how that will solve our problems. >> in his most is difficspecific remarks about gun violence is the deadly assault at sandy hook elementary school president obama says he still supports increased background checks and bans on assau
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